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Home›BLM›Provenance receives BLM approval to drill its Eldorado Gold property

Provenance receives BLM approval to drill its Eldorado Gold property

By Kimberlee Guess
July 21, 2022
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Vancouver – Origin Gold Corp. (CSE: PSU) (OTCQB: PVGDF) (the “Company” or “Provenance”) is pleased to announce that it has received its drilling permit from the Land Management Office (BLM) for the Company Eldorado gold project in Malheur County in Eastern Oregon.

The Company is now awaiting final approval of the Department of Geology and Mineral industries (DOGAMI) in Oregon which he is expecting very soon. Pending approval, the Company has entered into an agreement with a drilling company to initiate its first drilling program on the property which Provenance considers to be one of its two main projects. The program is currently expected to start in September this year.

Historic work on the property includes 242 drill holes for 22,000 meters of drilling. Billiton was the first company to commission a professional resource study on the Eldorado drilling. Pincock, Allen and Holt (1998) estimated the Eldorado The property contained 38,416,000 tonnes averaging 0.68 g/t for 764,000 ounces of gold (at a cut-off grade of 0.292 g/t) and encompassed a limited portion of the known mineralization.

Note that the mineralization system is strong and is capable of very long intersections of low grade potential economic materials and long intersections of much higher grade materials. The grades of two holes are considered historical in nature, should not be relied upon and are provided solely for the historical context of the development of the property.

Provenance plans to perform confirmation drilling to begin establishing a potential qualified mineral inventory, and metallurgical studies to confirm historical reports of excellent gold recoveries in oxidized and unoxidized rock.

Rauno PertuPresident of Provenance, said: “We are all eagerly awaiting final approvals and have worked very diligently this year so far, so that we can begin validating and developing Eldorado. It’s an exciting time for Provenance. I am convinced that we have two “entrepreneurs” in Eldorado and white rock. We look forward to demonstrating just how special these two projects truly are with the upcoming drilling at Eldorado.’

Provenance expects a very productive second half and will update shareholders once the DOGAMI permit is finalized.

About Origin Gold Corp.

Origin Gold Corp. is a precious metals exploration company that focuses on gold and silver mineralization within North America. The Company currently holds interests in three properties, two in Nevadaand one in the east Oregon, United States.

Contact:

Rob Clark

Email: rclark@provenancegold.com

This press release may contain certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “anticipate”, “may”, “program” and similar words or phrases identify forward-looking statements or information. These statements represent the Company’s current views with respect to future events and are necessarily based on a number of assumptions and estimates which, although considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and undertakes no obligation, to update such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements and information other than those required by laws, rules and regulations.

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